Research institution approval requires separate research accounts and annual audited returns to tax and scientific authorities within prescribed deadlines. Approval is granted to Skin Institute Research Society as an institution for research-related tax recognition subject to maintaining a separate account for research receipts, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June each year.
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Research institution approval requires separate research accounts and annual audited returns to tax and scientific authorities within prescribed deadlines.
Approval is granted to Skin Institute Research Society as an institution for research-related tax recognition subject to maintaining a separate account for research receipts, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June each year.
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